OPENDOOR SHUTS INDIA OPS, CUTS 250 JOBS FOR AI TEAMS
■ AI-SUMMARIZED FROM 2 SOURCES ▸ TIMELINE
Opendoor is closing its India operations and laying off nearly 250 employees as part of a shift toward AI-enabled teams in the US. The real estate tech company will consolidate operations domestically with smaller, automation-focused groups.
■ MORE FROM THE STARTUPS DESK
Bain Capital Ventures has secured $1.6 billion to fund early-stage companies building artificial general intelligence and the infrastructure to run it. The fund targets founders developing core AGI technologies and efficiency-focused systems.
Europe's new technology fund is in talks to invest in ElevenLabs Inc., a UK-based artificial intelligence startup. The funding would mark a significant backing for the AI company from a major European institutional investor.
Pulley, a cap table management startup backed by General Catalyst, Stripe, and Founders Fund, is closing operations in December.
Drone delivery startup Zipline is negotiating a $1 billion funding round that would value the company at roughly $20 billion, nearly tripling its $7.6 billion valuation from January.